I'm concerned about Simba's lack of uniqueness and their tokenomics.
There are MANY competitors (who offer also enticing staking opportunities), and the tokenomics are notably problematic. Specifically, 40% of the distribution is divided between the foundation (18%) and the team (22%). Additionally, there's a 5% airdrop which equates to 5% for liquidity.. like, come on, there is also already 10% marketing allocation.. and lastly, 15% supposedly allocated for the community, which it's unclear where this allocation is directed.
Overall, I'm skeptical about the potential success of Simba with these current conditions. Show Less